Research and Markets noted that the availability of charging stations plays a major role in the demand for battery-operated vehicles. Moreover, the success of EVs is mainly dependent upon the battery performance and the charging infrastructure. EVs need more charging stations across countries to overcome charging problems and reassure customers about where they can charge their vehicles.

According to the report, the increased numbers of Li-ion battery manufacturing bases in the country has propelled the market growth. The Chinese government continues its economic growth and is aiding the industry by commercializing Li-ion batteries at low cost to the global market, which has attracted many companies to shift their Li-ion battery manufacturing bases to China.

Further, the report states that the longer duration of charging time is one of the major challenges faced by the Li-ion battery market for EVs in China.